Canadian Leasing - Your Best Equipment Financing Option! by Stan Prokop
Canadian Leasing �C Why do thousands of firms of all size in Canada continue to come back to this great method of financing their equipment, capital expenditures, etc? One of those reasons is simply that they need the equipment for increased growth and profits, and to remain competitive in their industry.
Acquiring new equipment has a cost attached to it of course. Those capital budgets, whether your firm is large or small, can be a huge drain on your cash flow and working capital needs - cash flow and working capital that you would prefer to have on a daily basis.
Every firm has different reasons for Leasing in Canada. The bottom line more often than not is that new equipment will help your firm in becoming more efficient. These days a major focus is on ' green ' and a significant amount of new equipment purchases have aspects of the asset that are more environmentally friendly. As a simply example new computers are more and more using less energy, we would point out that this saves on the hydro bill also!
For businesses that are in a competitive environment the focus is always on staying up to date with plant equipment,
hollisters clothing, computers, software, etc ( By the way, software can be leased also,
silver monster beats headphones! )
When our customer sit down with us and ask us for lease financing they probably, quite frankly, talk more about the financial benefits than those environmental benefits - They have budgets, cash flow challenges, and over all growth that requires working capital for receivables,
puma first round shoes, inventory financing, etc. Leasing becomes the obvious 'affordable 'way to acquire this equipment, as it focuses on staying on budget.
Let's look at a quick example: Let's say your company needs an 80, 000. 00 piece of equipment for the manufacturing process. What are the options of the Canadian business owner and financial manager?
They are fairly obvious, so which one is best? The options are:
- Pay cash and reduce the company ' cash on hand ' on the balance sheet
- Draw down on the company line of credit
- Speak to your Canadian chartered bank about equipment loans
- Lease the equipment
When we sit down with customers and lay out those options for business financing equipment leasing very quickly, more often than note, becomes a winner. The answers seem obvious to the Canadian business owners �C they don't wish to reduce cash, use operating lines for long term purchases, and bank negotiations around term loans and loan covenants and approval times don't seem to appealing. Lease financing becomes a very obvious first choice. The faster the new equipment arrives and proper lease financing put in place the faster you can continue to grow sales,
monster heartbeats earphones!
So in our example, if our customer accepted a 4 year capital lease his monthly payments would be, based on current competitive rates, approx $1940. 00/ month.
The Canadian business owner or financial manager has just solved his capital outlay problem and you can too!
Call a trusted, credible, and experienced lease financing advisor and discover how those financing options can enhance your business!
.Topics related articles：
womens nike air max sneakers 3106
asic 9534
tod 1331
hollisters clothing 4698
Linear Mode
